By Paul Lienert 2 Min Read (Reuters) – Ford Motor Co’s Chief Executive on Wednesday called on the U.S. government to support battery production and charging infrastructure development, as he outlined the automaker’s plan to develop electric platforms for its top-selling trucks, vans and SUVs. FILE PHOTO: Ford Motor Co. CEO Jim Farley walks to… Continue reading Ford CEO calls on U.S. government to support EV batteries, charging
Tag: Strategy
@Geely: Volvo Cars and Geely Auto to Deepen Collaboration
2021 February 24, Hong Kong/Gothenburg. Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximise the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales. Powertrain operations to be combined in new company focused on next-generation… Continue reading @Geely: Volvo Cars and Geely Auto to Deepen Collaboration
Trov Mobility Partners with Zoom EV to Right-Size Coverage For Their New EV Car Share Program
LONDON, Feb. 24, 2021 /PRNewswire/ — Trov (www.trov.com), a global leader in embedded insurance technology, today announces the continuation of the company’s expansion in the United Kingdom through a new partnership with Zoom EV (www.zoom-ev.com), a British e-mobility brand with an innovative approach to car sharing. Zoom EV’s new car share service will allow auto-dealer networks… Continue reading Trov Mobility Partners with Zoom EV to Right-Size Coverage For Their New EV Car Share Program
Lucid Motors is set to go public with a $24 billion valuation. It probably couldn’t have happened without billions in Saudi money.
Electric vehicle startup Lucid Motors plans to go public via SPAC at a $24 billion valuation. The company struggled for years before getting $1.3 billion from Saudi Arabia in 2019. The deal increases Saudi Arabia’s ownership stage from 67% to 85%. Visit the Business section of Insider for more stories. Somewhere out there, there’s a… Continue reading Lucid Motors is set to go public with a $24 billion valuation. It probably couldn’t have happened without billions in Saudi money.
Archer Aviation aims to launch network of urban air taxis in Los Angeles by 2024
Archer Aviation, the electric aircraft startup that recently announced a deal to go public via a merger with a blank-check company, plans to launch a network of its urban air taxis in Los Angeles by 2024. The announcement comes two months after the formation of the Urban Air Mobility Partnership, a one-year initiative between Los… Continue reading Archer Aviation aims to launch network of urban air taxis in Los Angeles by 2024
Cazoo acquires German car subscription platform
Cazoo has acquired Cluno, Germany’s leading consumer car subscription platform, for an undisclosed sum. Founded in 2017, Cluno has grown to a team of over 100 based in Munich. Cluno offers a flexiblealternative to car ownership, offering a choice of up to 100 makes and models, with a single monthly subscription fee which includes the car,… Continue reading Cazoo acquires German car subscription platform
@VW Group: More powerful battery, longer range: upgrade for the Audi plug-in hybrids Q5, A6, and A7002461
Upgrade for the Audi plug-in hybrids Q5, A6, and A7 Sportback: The TFSI e models now come with even greater battery capacity. The lithium-ion battery now delivers 14.4 kWh net (17.9 kWh gross) and allows an increased electric range of up to 91 kilometers, measured in accordance with the NEDC cycle (73 km according to… Continue reading @VW Group: More powerful battery, longer range: upgrade for the Audi plug-in hybrids Q5, A6, and A7002461
@Groupe PSA: PR Ë-BERLINGO: CITROËN SUPPLEMENTS THE RENOWNED VERSATILITY OF THE PIONEERING LEISURE ACTIVITY VEHICLE WITH AN ELECTRIC VERSION TO MEET NEW CUSTOMERS’ EX…001254
New Citroën ë-Berlingo is the ideal partner for fans of active lifestyles. With its practicality and versatility, they can enjoy all their leisure activities with the enhanced comfort of its electric engine. The electric version of Berlingo delivers the smoothness and serenity of an electric engine with a range of up to 280 km* (WLTP… Continue reading @Groupe PSA: PR Ë-BERLINGO: CITROËN SUPPLEMENTS THE RENOWNED VERSATILITY OF THE PIONEERING LEISURE ACTIVITY VEHICLE WITH AN ELECTRIC VERSION TO MEET NEW CUSTOMERS’ EX…001254
@Daimler: Daimler Truck AG and Cummins Inc. announce global plan for medium-duty commercial vehicle engines
Memorandum of Understanding to establish a global strategic partnership for medium-duty engine systems. Additional opportunities for collaboration to be evaluated. Cummins Inc. to establish an engine plant within the Mercedes-Benz Mannheim campus to localize medium-duty engines compliant with the Euro VII emissions standard for Daimler Trucks and Buses. In the future, global medium-duty engine systems… Continue reading @Daimler: Daimler Truck AG and Cummins Inc. announce global plan for medium-duty commercial vehicle engines
Daimler Truck AG and Cummins Inc. Announce Global Plan for Medium Duty Commercial Vehicle Engines
STUTTGART, Germany & COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Daimler Truck AG and global power leader and independent engine manufacturer Cummins Inc. (NYSE: CMI) announced that the companies have signed a memorandum of understanding establishing a global strategic partnership for medium duty engine systems. The companies added that other opportunities for collaboration are also being evaluated. As part… Continue reading Daimler Truck AG and Cummins Inc. Announce Global Plan for Medium Duty Commercial Vehicle Engines